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Pearsons Property Auction Wednesday 19 October 2016

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Pearsons Property Auction Wednesday 19 October 2016 Pearsons Property Auction Wednesday 19 October 2016 Commencing at 11am at The Hilton Hotel, Ageas Bowl Cricket Ground West End, Southampton SO30 3XH Part of the national Auction House network Notes from the Rostrum After the success of the previous auction it is again reassuring to see that we have another good selection of lots and something here for all tastes. The auction room in August was buzzing, the woes of earlier months appear to have been forgotten and confidence was back. Upon reflection it would seem that with 13 out of the 15 lots sold and the remaining 2 achieving sales after the event, then auction is now a more popular way of buying and selling property. Once again we have a small plot of agricultural land in Lovedean, 3 flats ideal for investment, a shop with accommodation in Waterlooville and a nice little house by Southampton University campus. If you fancy a more semi-rural setting then there are 3 detached bungalows in Denmead/Horndean, an individual detached family residence with ½ acre plot at the end of a lane in Blackfield, plus a substantial 4 bedroom detached house in need of extensive updating, which stands on an acre in Durley village. Hopefully I will get the opportunity to talk to many of you in our auction room on the 19th October. Steve Sprake FNAEA Auctioneer SOLD SOLD SOLD M 2 2 To 4 7 3 Southampton 3 Auction Venue Directions B B 3035 BOTLE D Y A RO Hilton Hotel, Ageas Bowl, West End O AD R The Ageas H P Southampton SO30 3XH A R Bowl G E L E T The Ageas Bowl is located just off junction 7 34 A3 Y of the M27 motorway, off the B3035 Botley A W 7 M 2 Road. Follow the brown tourist signs for the O M S O T T R A H Junction 7 W Ageas Bowl. Upon entering the complex, IL L S E L R AR O CH take the first exit on the roundabout and the A Y D A W KE I B P 3 N A 0 R car park can be found on the left hand side. 2 3 U 7 6 To T Portsmouth Pearsons Property Auction Wednesday 19 October 2016 Contents 04 Important Notice to Prospective Buyers 05 Lot 1 Flat 140 Butts Road, Sholing, Southampton, SO19 1BJ 06 Lot 2 Flat 10, Dukes Mill, Broadwater Road, Romsey, SO51 8PJ 07 Lot 3 51 Elm Grove, Southsea, Portsmouth, PO5 1JF 08 Lot 4 115 London Road, Waterlooville, Hampshire, PO7 7DZ 09 Lot 5 Plot 72, West of Lovedean Lane, Horndean, Waterlooville. PO8 0UA 10 Lot 6 76 Honeysuckle Road, Bassett, Southampton, SO16 3HQ 11 Lot 7 48 Hawthorn Road, Horndean, Waterlooville, PO8 0JA 12 Lot 8 Denton, Soake Road, Denmead, Waterlooville, PO7 6JA 13 Lot 9 Shelba, Soake Road, Denmead, Waterlooville, PO7 6JA 14 Lot 10 Lakeside, West Common, Blackfield, Southampton, SO45 1XJ 15 Lot 11 Oak Tree Cottage, Wintershill, Durley, SO32 2AH 16 Buyers Information 17 Sales Memorandum 18 Proxy/Telephone Bidding Facility 19 Terms and Conditions to Bid by Proxy/Telephone 20 Common Conditions of Sale Important notice to prospective buyers to uyers 1. Particulars of Sale 6. Sale of Property B otice 1.1 Prospective Buyers are advised to check the Particulars of any 6.1 Buyers should note that a legally enforceable Contract of Sale of the N property to ensure that they are satisfied as to the accuracy of all relevant property arises as soon as it has been “knocked down” to the measurements, areas, details of leases and all other matters subject to Buyer at the Auction. which the property is sold or has the benefit of. This should be done by making an inspection of the Property and by making all necessary 6.2 The bidder must then complete and sign the Memorandum of Sale and enquiries with the Auctioneers and Vendor’s legal advisors. The pay the required deposit. In default of such being provided at once Prospective Buyer should also make all necessary searches Pearsons will be entitled to re-submit the property for sale and may rospective and enquiries of appropriate authorities including local authorities. treat the Buyer as being in breach of Contract. Such action will be P mportant I All measurements and areas referred to in the Particulars are taken without prejudice to any claim there may be against the Buyer approximately only. for breach of Contract. 1.2 No warranty is given as to the accuracy of any photographs and plans 6.3 Before the end of the Auction, the successful bidder should arrange in the catalogue relating to the particular property to be offered for for a part of the Sale Memorandum to be signed by or on behalf of the sale. They are provided to assist only in the location of the property. Buyer. Unless the Seller agrees otherwise the property will only be 4 They should not be deemed to show the extent of the said property. transferred to the Buyer named in the Buyer’s Slip and Sale Memorandum or Contract completed by the successful bidder. 1.3 Prospective Buyers shall be deemed to have inspected the relevant Specific Buyers must be named. Properties cannot be transferred to property and to have made all necessary and appropriate enquiries an un named “nominee” or “agent”. and searches. 6.4 Unless otherwise stated in the Conditions of Sale, the property will be 2. Inspection at the Buyer’s risk on being sold at the Auction. The Buyer should Inspection of properties can only be made by prior arrangement and make his own arrangement for insurance immediately. with the consents of Pearsons. Pearsons should be approached to make the appropriate arrangements. 7. Deposit 7.1 The Buyer must provide a deposit cheque of 10% of the Purchase 3. Structure & Contamination Price subject to a minimum of £3,000 per lot on the relevant property 3.1 Prospective Buyers are strongly advised to consult their professional being “knocked down”. Cash deposits are not acceptable. advisers in respect of the structure and possible contamination or pollution of any property to be sold. If necessary a full structural 7.2 The deposit must be paid when the Memorandum of Sale is and environmental survey should be carried out by a professional completed. qualified person. 7.3 A separate deposit will be requested in respect of each lot purchased 3.2 No representation, warranty or undertaking whatsoever is made or made payable to Pearsons Southern Ltd. intended to be made in respect to: a) the state of the structure of any property or condition, any fixtures 7.4 Unless otherwise specified, cheques will be accepted. Cheques must fittings equipment or other items expressed to be included in the sale be drawn on a bank or branch of a bank in the United Kingdom. of any property Any other cheques may be rejected. b) the type of structure or whether such structure in adequate or properly constructed or otherwise whatsoever in relation to the 8. Proof of Identification state of repair of suitability of such structure or the fixtures fittings or Please ensure you bring with you on the day of the auction the following other equipment thereon original proof of identification, UK Driver’s Licence or Passport and Utility c) whether or not there is any contamination or pollution in relation to Bill. the property to be sold or any other property in the neighbourhood d) whether or not it complies with planning and building regulations Please note it is a requirement that you provide documentation to or any legislation relating to the environment or contamination, confirm your name and residential address. Please refer to the table table pollution or dangerous or potentially dangerous substances. printed at the bottom of the TERMS AND CONDITIONS TO BID BY PROXY page printed towards the back of this catalogue. 4. Conditions of Sale 4.1 9. Buyers Fee The attention of Prospective Buyers is drawn to the Conditions of 9.1 Each successful buyer or bidder will be required to pay the Sale relating to any property to be sold. Buyers should note that the Auctioneers Pearsons a non-refundable buyer’s fee of £425 plus VAT. Conditions of Sale relating to a particular property may be obtained On purchases below £10,000 the buyer’s fee will be £150 plus VAT. from Pearsons or the Vendor’s legal advisers. The fee becomes payable on each lot on the fall of the hammer. 4.2 Prospective Buyers should note that there may be additions or 9.2 We recommend that you always check the Special Conditions of Sale amendments to the Particulars or Conditions of Sale. relating to each property, so you are aware of any additional costs An Addendum relating to these amendments will be available at the involved. Auction. The Addendum will be attached to the sale Contract and form part of the Contract for Sale. 10. Completion Completion date is 20 working days from the auction date of the contract 4.3 Buyers will be deemed to have read and considered the Particulars, unless specifically stated in the Special Conditions of Sale. Conditions and Addendum and have full knowledge of these and all documents and other matters referred to. 11. Please Note that you will NOT be entitled to KEYS or access to vacant properties until completion of the sale. If access is required it may be 4.4 Prospective Buyers are strongly advised to consult their legal advisers arranged through our offices with the permission of the seller.
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